Mercy Housing Lakefront and Wintrust Financial Corporation recently presented their annual Wintrust Partners in Innovation Award to the financial and development partners contributing to the rehab of the 156-unit Major Jenkins Apartments in Chicago’s Uptown community on the North Side.

 

The award honors a team for their role in creating an innovative community development collaboration. Associated Bank was among those recognized. The bank provided an equity investment totaling $9,450,000 of Low-Income Housing Tax Credit (LIHTC) and Federal Historic Tax Credit (HTC) for the rehabilitation.

  

The innovative permanent supportive housing project incorporated a complex financing structure, historic preservation elements, service space enhancements that were responsive to resident input, and building-wide Wi-Fi internet access. As the project approached closing in 2020, the COVID-19 pandemic emerged, and the relocation and construction plans were adapted to better accommodate social distancing.

 

Congratulations to the Major Jenkins Apartments partners who provided hope, healing, and much-needed quality affordable housing to those in need of supportive housing:

 

  • Applegate & Thorne-Thomsen
  • Associated Bank
  • Citi Community Capital
  • City of Chicago  
  • Clocktower Tax Credits 
  • Federal Home Loan Bank of Chicago  
  • HUD  
  • Illinois Housing Development Authority  
  • Landon Bone Baker Architects 
  • Linn-Mathes, Inc.
  • MacRostie Historic Advisors
  • RBC
  • John and Kathleen Schreiber Foundation
  • Thresholds 
  • Urban Relocation Services 

 

Visit the Mercy Housing website here.

 

About Mercy Housing Lakefront

Mercy Housing Lakefront (MHL) is working to build a region where everyone has an affordable home to use as a springboard to achieve better health, economic security, and a brighter future for their kids. MHL owns and operates 52 properties in Illinois, Wisconsin and Indiana, serving more than 8,000 people annually. MHL is a regional branch of Mercy Housing, Inc. (MHI), a leading national affordable housing nonprofit headquartered in Denver, Colorado. Please find additional information at www.mercyhousinglakefront.org.